Arkade Developers registers new project with INR 700 crore GDV

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ARKADE · price

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Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹120.57

prior close

₹120.90

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%+1.3% vs market

Residential Commercial Projects peers, median of 61sector-1.0%+1.6% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.6 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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Sessions after the filingfrom the prior close

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Reaction day

+0.6-0.7+1.3-1.0+1.6

Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 61Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Arkade Developers has registered a Development Agreement for cluster redevelopment of Shree Rani Sati Nagar Co-op Housing Society in Malad West, Mumbai. The project spans about 6,553 sq mts with a projected Gross Development Value of INR 700 crores. This follows a recent INR 350 crore Goregaon West project, strengthening the company pipeline in western Mumbai.

Likely market impact

Adds INR 700 crore GDV project to pipeline, reinforcing presence in Goregaon-Malad micro market. Positive for growth visibility.